Uniper swings to core profit in first quarter, keeps outlook

Uniper SE

12/05/2026 06:30

FRANKFURT, May 12 (Reuters) - German state-owned utility Uniper UN0k.DE is keeping its outlook for 2026 after turning a core profit in the first quarter, it said on Tuesday, adding it was well-shielded against energy price swings against the backdrop of the Iran war.

"Uniper is more resilient to extreme market movements than in the past. We don't currently source any LNG from the Middle East," Chief Executive Michael Lewis said.

"Our broadly diversified gas and LNG procurement portfolio is well positioned to withstand geopolitical risks and the resulting market fluctuations," he added.

 (Reporting by Christoph Steitz, Editing by Friederike Heine)

 ((christoph.steitz@thomsonreuters.com; +49 30 220 133 647;))